This reduces flow of oil out, and should let Iran take a bigger toll from GCC ports that are still too close to US/Israel. The seeds of an outcome is for world to stop asking US to negotiate with Iran, and negotiate themselves. There is question that if world agrees with Iran to open straight does US do the same? But this has to be handled with a deal with Iran first, then convince US.
World is better off economically with 20m barrels (+ all other stuff from region) per day at $60/bbl than 0-1m at $150/bbl
Trump/US was remarkably polite about negotiations, suggesting that everything except nuclear was agreed to. GCC countries are unlikely to ever have their US bases rebuilt, with US peace or not with Iran. GCC countries that agree to expel US would have much better toll rate. The easy formula to reopen straight is pay the US’s reparations to Iran as a monthly toll prepayment.
Iran’s move to open straights quickly and end the war is destruction of neighbours desalination. Make them forced to rely on humanitarian aid, and to get on Iran’s good side. Risks regime change for poor attitudes.
Trump accused Iran of “world extortion” for its previous efforts to close the strait, and accused it of violating “every law in the book.”
Lol. Lmao even.
U.S. Central Command softened the announcement later in the day, clarifying that the U.S. would be blockading only “maritime traffic entering and exiting Iranian ports,” not any other traffic.
So yeah, misleading post tile. Still China and other asian countries will be pissed that the US is directly blocking their trade with Iran.
I guarantee you he will start trying to charge a toll for passage just like Iran.
Iran and Oman made a framework deal to share toll revenue. US taking all/most of Oman’s share is a likely outcome.
Trump: Iran doesn’t run the show, I do! So I say the strait is closed, not them! Ha! Take that global economy! I’m the big man!
It kills Iran’s ability to extract tolls from ships that want to get past. Assuming that it’s enforced, which I am not at all sure it will be. Like, are we honestly going to, say, put an anti-ship missile into a China-flagged merchant ship because they paid off Iran?
It kills Iran’s ability to extract tolls from ships that want to get past.
I think the opposite. If ships are scared to trade with Iran, then toll costs go up on other shipping, to cover a higher Iran reparations bill. US military made much milder threat than Trump, which doesn’t include hunting down every ship that has passed SoH so far, or that may get Iran’s permission to pass now.
Hilarious. Geopolitics had just entered the “it’s not funny anymore” level for me but this entire affair is saving it single-handedly.
🕺
I know it’s not funny but I have no other way of dealing with the horrors.
You’re good, humor is what keeps us humans sane.
He’s really been bringing that Trump 1 flare to this war.
“I’m not fired, I quit!”
dang, now the pedo prez has pissed off all the oil tycoons in the world to hide his pee pee tape
Uh, oil tycoons are pretty happy. Have you seen the prices?
Gas is going to increase like crazy tomorrow.
That would be nice
